{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11290280","patent":{"patent_number":"US-11290280","title":"Cryptocurrency mining using a single-leader election algorithm","assignee":null,"inventors":[],"filing_date":"2019-05-28T00:00:00.000Z","publication_date":"2022-03-29T00:00:00.000Z","cpc_codes":["H04L","H04L","H04L","H04L"],"num_claims":17,"abstract":"A blockchain single-leader election algorithm that overcomes the deficiencies of existing blockchain implementations, such as implementations that rely on the proof of work, is described herein. For example, the single-leader election algorithm may include a series of rounds, where at most one node is selected as a leader in each round and the selected leader is able to form a new block in the blockchain. The single-leader election is not an election in which there are votes, but an election in which a node is selected as a leader at random to avoid bias, such as the bias that is present in existing blockchain implementations. Any node can become a leader, and the elections are driven by burning or destroying a cryptocurrency that is different than the cryptocurrency provided to a node as a block reward and transaction fees when the node is selected as a leader."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Cryptocurrency mining using a single-leader election algorithm","description":"A blockchain single-leader election algorithm that overcomes the deficiencies of existing blockchain implementations, such as implementations that rely on the proof of work, is described herein. For e","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11290280","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11290280","citation_suggestion":"Patentable. \"Cryptocurrency mining using a single-leader election algorithm\" (US-11290280). https://patentable.app/patents/US-11290280","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11290280","json":"https://patentable.app/api/llm-context/US-11290280","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-30T20:56:59.099Z"}